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and then we're going to go right into the debt ceiling debate. >> when you say you don't expect much from earning season, what do you mean? do you think we'll see a flat showing? where's the strength and weakness? >> well, we think to some degree it's not going to be as relevant because the market is really looking forward here. we're looking out to the end of the year when we have housing, globally coordinated recovery. so this earning season to some degree is old news. we think the markets are going to be much more focused on the debt ceiling debate short-term and the good news we see down the road long-term. >> jack, you know, we all just went through that whole debate over the fiscal cliff. and now we're gearing up for another fight in washington. that over the debt ceiling. how rankerous will it be? >> it's remarkable how low volatility is right now. to me it would seem investors are complacent as if we just haven't done this just the other day. yeah. i see more and more problems. i see more volatility. more uncertainty. and, you know, this is one where 2013 is ultimately a year
and then we're going to go right into the debt ceiling debate. >> when you say you don't expect much from earning season, what do you mean? do you think we'll see a flat showing? where's the strength and weakness? >> well, we think to some degree it's not going to be as relevant because the market is really looking forward here. we're looking out to the end of the year when we have housing, globally coordinated recovery. so this earning season to some degree is old news. we think...
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Jan 7, 2013
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i think the only thing really worried me is fireworks on the debt ceiling in the next month. >> right. before i get the opinion of this side of the desk, i want to walk through. there are people at home who are saying, stocks are near five-year highs but my portfolio does not refrequent and that's because, well, look at the performances. financials are still down 52% from their peak. utilities, industrials lagging. if you held onto u.s. steel, alcoa, citigroup of bank of america hoping for a bounce back, you are still out of luck. they're down more than 75% since the s&p 500 peak. do you stick with what's work, apple, tjmaxx, priceline, or do you double down on the weakli weaklings? that's what we saw coming out of the woodwork with analyst calls saying, you want to buy things like the banks that have been beaten down, you don't want to buy the strongest banks out there. you want to buy the ones that are leveraged to the upside. more leavers to pull. >> well, i think you have levers in the banking sector, in terms of normalcy with an earnings profile but you don't have normalcy with t
i think the only thing really worried me is fireworks on the debt ceiling in the next month. >> right. before i get the opinion of this side of the desk, i want to walk through. there are people at home who are saying, stocks are near five-year highs but my portfolio does not refrequent and that's because, well, look at the performances. financials are still down 52% from their peak. utilities, industrials lagging. if you held onto u.s. steel, alcoa, citigroup of bank of america hoping...
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debt ceiling as we enter into this new year. tony, is that going to play a part, will that maybe prevent you from being more bullish in this environment because there is still so much uncertainty? >> you know what? i think politicians are starting to realize they can't play this jousting match they have been having with the last debt ceiling, the fiscal cliff which is behind us temporarily. so i think when they come to the table with a solution, the markets are going to rally just like they have in the past. i think they're going to come up with a solution but until there is a solution, until there is something, i think we'll see some volatility. but i really think they will come to the table with a good, solid solution. it will give republicans a chance to put their foot down on some of these, on some of this public spending. and it is going to be positive for the investor. ashley: bob, let me finish with you. you like emerging markets. people say that a but which market in particular are you particularly hot on right now? >> w
debt ceiling as we enter into this new year. tony, is that going to play a part, will that maybe prevent you from being more bullish in this environment because there is still so much uncertainty? >> you know what? i think politicians are starting to realize they can't play this jousting match they have been having with the last debt ceiling, the fiscal cliff which is behind us temporarily. so i think when they come to the table with a solution, the markets are going to rally just like...
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Jan 7, 2013
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ceiling and spending cuts. the big debate over whether more revenue increases should be on the table. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future. and that's our spending addiction. >> mitch mcconnell's going to draw that line in the sand. it's going to be a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction. >> and away we go again. jim, you said last week, you expect a see-saw quarter courtesy of these guys. >> it's so funny to hear the democrats say, it's time to think about taxes. that's kind of what they won on. senator mcconnell, i know that over a decade, i have felt opposition to -- he used to come on cramer. he was always, let's say volatile. how could he not be right now -- the entitlements are the issue. this is the united states of america. and someone's got to rein it in. no one wants to, because boy, once you do that, i've got
ceiling and spending cuts. the big debate over whether more revenue increases should be on the table. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future. and that's our spending addiction. >> mitch mcconnell's going to draw that line in the sand. it's going to be a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction....
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state of financials and the looming debt ceiling dilemma. our interview is coming up. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. fall in love with progressive's claims service. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> gentlemen, and for you seniors, it
state of financials and the looming debt ceiling dilemma. our interview is coming up. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i...
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Jan 7, 2013
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i think he is talking about the sequester and debt ceiling and avoid whatever fiscal cliff is coming near us. thank you, john. appreciate it. >>> we bettered our position is little bit on the dow jones. we were off better than 80 pointses. s&p is off about and nasdaq down 10 1/3. "power lunch" is back in two minutes. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fas
i think he is talking about the sequester and debt ceiling and avoid whatever fiscal cliff is coming near us. thank you, john. appreciate it. >>> we bettered our position is little bit on the dow jones. we were off better than 80 pointses. s&p is off about and nasdaq down 10 1/3. "power lunch" is back in two minutes. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great...
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Jan 7, 2013
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everyone is well aware that all the hard decisions on the debt ceiling have been pushed. we know first quarter numbers are probably too high. but something else is happening that is even bigger which is a massive reallocation out of fixed income. at least at the very short end right now. all types of different benefits. from that standpoint, i would say this year we have much more room to run and i don't think we should be talking about when it's over. >> stephanie link, you're going answer my question, aren't you? >> i did. >> answer the question. we're rocking. we're okay. >> i think it can go higher because the u.s. economy is starting to improve. friday, we got good job numbers, right? they were in line, but the underlying numbers were pretty good in terms of hourly earnings, private sector job growth. certainly we all know about housing, that sort of things. so i think the u.s. is on better footing. i think the global picture also is getting better. so i think there's certainly places to put your money and to make money. >> doctor j., virtual doc, how do you see the
everyone is well aware that all the hard decisions on the debt ceiling have been pushed. we know first quarter numbers are probably too high. but something else is happening that is even bigger which is a massive reallocation out of fixed income. at least at the very short end right now. all types of different benefits. from that standpoint, i would say this year we have much more room to run and i don't think we should be talking about when it's over. >> stephanie link, you're going...